EU-Russia relations within the context of the post-Soviet space have been one of the most investigated research topics in the field of international relations. With the return of great power politics, this region has been one of the centres of attention for researchers of geopolitics. However,...

This paper argues that the Phillips curve relationship is not sufficient to trace back the output gap, because the effect of excess demand is not symmetric across tradeable and non-tradeable sectors. In the non-tradeable sector, excess demand creates excess employment and inflation via the...